|STAT 2800: doING bUSINESS IN eUROPE | |Operations Management | |Nordea v. Honka | |
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agement AEREN FOUNDATION’S Maharashtra Govt. Reg. No.: F-11724 [pic] SUBJECT : OPERATIONS MANAGEMENT Total Marks : 80 CASE-1 (16 Marks) Bloomsday Outfitters produces T-shirts for road races. They need to acquire some new stamping machines to produce 30‚000 good T-shirts per month. Their plant operates 200 hours per month‚ but the new machines will
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Vidhya Shikshak Seva Mandal [pic] Government Registered INDIAN INSTITUTE OF MANAGEMENT RESEARCH AND TECHNOLOGY Government Recognized An ISO 9001: 2008 International B-School SUB: PRODUCTION & OPERATIONS MANAGEMENT Section –A Fill in the blanks 1. Production planning functions can be broadly identified as ______‚ _______ and _______. a) Estimating ‚ routing ‚ distribution b) Estimating‚ routing‚ scheduling
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MANAGING PRODUCTION AND SERVICE OPERATIONS I. What is Operation? Operations refer to “any process that accepts inputs and uses resources to change those inputs in useful ways.” II. What is Operation Management? Operation Management is “the process of planning‚ organizing‚ and controlling operations to reach objectives efficiently and effectively. Efficiency is related to “the cost of doing something‚ or the resource utilization involved.” Effectiveness refers to goal accomplishment
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test1. The four decision areas in operations management are: A) Planning‚ technology‚ inventory‚ control B) Process‚ quality‚ capacity‚ inventory C) Process‚ quality‚ technology‚ capacity D) None of these 2. Capacity decisions: A) Include forecasting and scheduling B) Include inventory control C) Require management of personnel D) None of these 3. Inventory decisions and control systems involve: A) Determining what to order‚ how much to order and when to order B) Tracking the flow of
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SUB: OPERATIONS MANAGEMENT 1. Production planning functions can be broadly identified as a) Estimating ‚ routing ‚ distribution b) Estimating‚ routing‚ scheduling c) Estimating‚ distribution‚ collection d) Distribution‚ collection‚ scheduling 2. For efficient process of order picking by personnel‚ communication plays a vital role in any Organization and the directives they need to have are ____‚ _____ and _______. a) Simple‚ clear and straight b) Straight‚ clear and easy
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Operation management can be summarized as techniques for restructuring the infrastructure to gain a competitive advantage to optimize decisions and processes utilized in business practices. Operation management gives the managers a systematic way to enhance their day to day processes and assist in maximizing revenues. One of the key objectives practiced by an OM manager is making ethical decisions during the planning‚ reviewing‚ and implementation stages of new processes. This paper will briefly
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a June 2010 reports by Global Construction Perspectives and Oxford Economics. These trends in every way have necessarily placed a demand on professionals in the construction industry‚ and in few cases where they are lacking quacks in the industry end up taking advantage‚ mostly this quacks are responsible for a reasonable amount of collapsed buildings and abandoned infrastructures. Estimates suggest that current growth in the Nigerian construction industry is greater than that of India. Indeed‚ the
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Keywords WordCnt 932 This essay analyzes the functions of Operational Management in its different levels of strategies‚ and concludes that Operational Management should be both operational and strategic as it requires both to be a well developed and successful‚ as to allow the company to grow and increase their profits. Introduction Operational management is the design and process whereby goods and services are successfully delivered to customers. It involves
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answer the following questions. Briefly explain your answer to each question referencing the textbook. 1. | Lean production is an integrated set of activities designed to achieve high-volume production using minimal inventories of raw materials‚ work-in-process‚ and finished goods. True FalseLean production is an integrated set of activities designed to achieve production using minimal inventories of raw materials‚ work-in-process‚ and finished goods. | 2. | Henry Ford used JIT concepts
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